If you’re facing a possible finance repossession in the near future, you may be wondering whether you’ll be able to get your Montreal home back after a finance repossession. After all, you need a place to live!
Unfortunately, once the court has ruled in favor of your lender and invited it to foreclose, it will be very difficult for you to get your home back.
Rather than wondering whether you’ll be able to get your home back after a financial recovery, consider other options:
The good news is that, if your 60-day notice is not returned at judgment yet, you have other options.
The first and best option is to pay off your mortgage or work out a payment plan with your lender. He’ll prefer to leave you your house and simply collect the amount you owe them.
If that’s not possible for you right now, then you could make the same decision that plenty of homeowners make when faced with an impending repossession: Sell your home before it goes into foreclosure and pay the lender what it’s owed.
Even if it’s not the ideal option (because you’ll have to leave your house behind), it’s a much better option than repossession because you’ll be free of your debt to the bank, and your credit rating won’t be affected in the long term as it would be in the case of a repossession.
Owners facing a turnaround love this option because they think proactively and take the long view. It’s an option that lets you be proactive, as you take control of your financial situation. What’s more, the discomfort you tolerate in the short term by selling your home gives you a better credit rating and relief in the long term.
This little secret will help you sell your Montreal-area home before the bank forecloses.
You could try to find a buyer who wants your house. 
However, the quickest and easiest way is to find someone who buys houses as they are, cash, fast. Rather than breaking your head and spending all your time and energy trying to find a buyer, call a cash buyer directly. A company like Vendre Maison Vite will buy the house at a reduced price very quickly.
